September’s consumer sentiment level unexpectedly rose to 68.2 from its preliminary 66.6 reading. However, the entire gain came from more positive responses among households earning under $75,000 — those who wouldn’t be affect…
Consumer confidence unexpectedly slumped in September as a lack progress on unemployment — despite overall U.S. economic improvement — continues to weigh on the outlook of many Americans.
Continue reading Con…
Target Corp. (TGT) is conservative in its expectations of holiday spending this year.
Target’s CEO Gregg Steinhafel said that sluggish consumer spending an ailing economy may weaken holiday purchases, Reuters reported.
Consumer spending has strengthened several times, only to fall back again later, Steinhafel said.
“It’s like a game of whack-a-mole,” Steinhafel said.
Still, Target…
Continue reading Target Conservative in Holiday Season Expectations
Target Conservative in Holiday Season Expectations originally appeared on DailyFinance on Fri, 24 Sep 2010 08:25:00.
Filed Under: Company News, Target Corp, Retail
Obama’s decision to tap Elizabeth Warren as advisor for a new financial watchdog group has raised the ire of consumer and business advocates, who argue that her appointment undercut the goals of clarity and transparency.
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While the manufacturing sector continued to expand and the U.S. budget deficit was less than expected in August, consumer sentiment unexpectedly hit a roadblock, falling 2.3 points in September to 66.6 — the index’s lowest level since August 2009.
A …